Golden Fleece Mining and Milling Company (New York)

The Golden Fleece Mining and Milling Company (New York), probably already founded in 1879,[1] but incorporated on April 22, 1882, in Tompkins County, New York,[2] with a capital of $1,000,000, was a San Francisco Stock and Exchange traded mining company.[3]

The company operated several mining sites, including at Deadwood, Placer County, California, after driving a three thousand foot tunnel, the Golden Fleece Tunnel, and one mine near Georgetown, Clear Creek County, Colorado,[4] The company reportedly also held some interests in gold mining in Cave Creek, Arizona.[5]

In September 1892, George W. Peirce, the company's treasurer, bought the Golden Fleece Mine in Colorado for $50,000 (~$1.52 million in 2023).[6][7] During that year the company seems to have raised its capital basis to finance its expansion. Probably the new capital stock of $600,000 (~$18.2 million in 2023) was organized under another company, which was incorporated in Iowa in 1893, under the same name of Golden Fleece Mining and Milling Company (Iowa).

  1. ^ Smythe, Roland Mulville: Obsolete American securities and corporations, New York, R. M. Smythe, Vol. 2, 1911, p. 424: "Golden Fleece Mining Co. Stock dated about 1879. No value found to stock."
  2. ^ Utica Morning Herald and Daily Gazette, April 19, 1882, p. 1: "The Golden Fleece Mining and Milling company of Tompkins county with a capital of $1,000,000 was incorporated Monday."
  3. ^ The Morning San Francisco Call, February 3, 1892, p. 6: "The Golden Fleece Mining Company has levied an assessment of $5 per share and the Butte King one of 3 Cents per share."
  4. ^ "Gold mines and mining in California: A new gold era dawning on the state .."; G. Spaulding & Co., 1885, p. 270-271.
  5. ^ Daily Democrat, Aug. 4, 1884: Death of the Well-Known Merchant, John O. Marsh.
  6. ^ Richard Walker Holmes, Marrianna B. Kennedy: Mines and minerals of the Great American Rift (Colorado-New Mexico), Van Nostrand Reinhold, 1983, p. 180-185; ISBN 0-442-28038-6, ISBN 978-0-442-28038-3.
  7. ^ Engineering and Mining Journal, vol. 145, 1944, p. 102 (ISSN 0095-8948, CODEN ENMJAK).